U.S. stocks rose on Monday, lifted by merger news and solid earnings that suggested Wall Street may have the strength to rally further. The S&P 500 moved above a key short-term resistance level to its highest since June 2008 after the index ended the week with its best gain in nine weeks. "It's the absence of headline risks that is pushing the market higher. We clearly know that the Egyptian turmoil doesn't necessarily mean oil scarcity ... so momentum is moving the market higher," said Joe Battipaglia, market strategist at a private client group for Stifel Nicolaus in Philadelphia.
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